Fun Facts from 2024 - 1/13/25

In this episode of Paramount Wealth Perspectives, host Chris Coyle and Chief Investment Officer Scott Tremlett dive into the key market and economic highlights of 2024, reflecting on a year of remarkable milestones, unexpected events, and record-breaking achievements. From the S&P 500’s stellar performance and Nvidia becoming the world’s largest company to gold’s resurgence and global political shakeups, they explore the fascinating shifts shaping the global economy.

Scott also shares intriguing statistics, such as Taylor Swift’s economic impact, SpaceX’s groundbreaking rocket interception, and geopolitical events like South Korea’s political turmoil. As we turn the page to 2025, they discuss what lies ahead, including inflation reports, international monetary policy updates, and key economic indicators to watch this week.

Don’t miss this engaging recap of 2024 and a forward-looking glimpse into 2025. Stay informed, stay ahead, and join us for insights that matter most.

Episode Transcript

Chris Coyle (00:00):
Intro song game on.
Hello, everyone.
Welcome to paramount wealthperspectives.
Your go-to podcast for thelatest updates on global markets
and current economic events.

(00:21):
This is your host, Chris Coyle.
Each week we strive to bring youexpert analysis on market
trends, economic shifts.
And key financial developmentsfrom around the world.
Whether you're an investorbusiness leader.
Or simply curious about theglobal economy.
Our podcast is here to keep youinformed and ahead of the curve.

(00:41):
Now let's dive into the marketsand explore what shaping the
world of finance today.
Here with us today.
We have Scott Tremlett chiefinvestment officer and managing
partner at paramount associates,wealth management.
Scott.
Looking back to last week.
What are some major events youwould like to highlight?
Thank you, Chris.
Markets dropped across theboard.

(01:02):
Last week is strong job numbers,pushed markets down on Friday.
Markets are attempting to pricein the trajectory of the federal
reserve policy for 2025.
We will see what transpires, butI don't see the quarterly rate
cuts.
Some researchers are expecting.
2024 was an interesting year.
Chris, 20, 25 may proveinteresting as well.

(01:24):
Well, Scott, I'm certainly eagerto see how 20, 25 transpires.
And I would have to agree withyou about the rate cuts.
Can you highlight what mostintrigued you from last year?
Here's some fun facts on 2024,Chris.
In no particular order ofimportance here in the U S the
Dow Jones industrial averagesurpassed 40,000 for the first

(01:47):
time.
The S and P 500 had 59 all timehighs in 2024.
With 64% of the returns drivenby the top 10 names alone.
The S and P 500 end of the yearup over 23%.
But if you wait all 500 namesequally, The equal weight S and

(02:09):
P was up only 11% for the year.
4,950.
Was the median strategicforecast for the S and P 500.
Which ended the year over 6,000.
Nydia.
Became the largest company inthe world.
As its market cap, surpassed$3trillion in June.

(02:33):
Surpassing Microsoft as theworld's most valuable company.
Palentier was the bestperforming S and P 500 stock.
Returning almost 350% for theyear.
Despite the federal reserve,reducing the policy rate by 1%
in the year.
The 10-year treasury rateincreased by almost 70 basis

(02:56):
points.
Volatility.
Or the VIX hit its secondhighest level ever in August.
Following the unwinding of the,Yen carry trade.
And weak labor data in the U S.
Gold rose 27% for the year.
Marking it's best year since2010.
And hitting an all time high.

(03:19):
Unemployment.
Rose from 3.7% to 4.2%.
Even though non-farm employmentgrew by nearly 2 million jobs
through November.
Consumer inflation or CPI.
Dropped from 3.3% to 2.7% inNovember.
Moving overseas, the bank ofJapan hiked rates for the first

(03:43):
time, since 2007.
Japan was the only developedmarket to increase rates in
2024.
The Turkey central bank hikedits policy rate by 5% in March
alone.
The largest single policy ratehike in Europe.
Staying with Europe.
The European central bank cutpolicy rates without facing a

(04:05):
recession for the first timeever.
Moving east.
South Korea's president wasimpeached after declaring
martial law against hisopposition.
Hong Kong stock market had hislargest weekly gain in September
ever.
Globally.
10 of 10 incumbents lostreelection.

(04:28):
In all 10 countries that heldelections in 2024.
This is the first time this hashappened in 120 years.
Thanks for all that interestinginformation, Scott.
And to all our listeners, if youare interested in looking at any
of these facts again, you canfind them on our transcript on
our Buzzsprout homepage.

(04:49):
Now Scott, is there anythingelse that happened that you
would like to highlight fromlast year?
A few more fun facts, Chris.
Space X became the first companyto intercept a rocket midair.
Taylor swift.
Won a Grammy for album of theyear and is estimated that her
era's tour grew the globaleconomy by over$9 billion.

(05:14):
Scottie Scheffler won the 2024masters golf tournament.
And they're in$3.6 million.
That is an average of$12,950 pershop.
And I forgot.
Joe Biden with drew from theelection 29 days before the
democratic national convention.

(05:37):
And last but not least.
Donald Trump.
One, the us presidency.
For his second non-consecutiveterm.
Well, it sounds like it was theyear of Scottie and Taylor and I
certainly wish I made$13,000 onevery golf shot.
But getting back to what I knowyou love economics and
investing.

(05:57):
What are you anticipating for2025.
It was a crazy 20, 24, Chris.
And I see another crazy 20, 25.
Next week.
I will share my list ofprojections for 2025.
I keep it as a scorecard.
That will review throughout theyear.
This week we have producerinflation and consumer

(06:18):
inflation.
We have a number ofinternational monetary policy
announcements.
Several numbers from China.
We'll see how the stimulus isworking there.
And the ever important us retailsales number on Thursday.
Well, we will certainly have tokeep on the lookout for those
reports and trends.

(06:38):
And I'm sure we will have plentyto discuss next Monday.
For now stay informed.
Stay ahead.
And join us next week for morekey updates shaping the global
economy.
Thank you for tuning intoparamount wealth perspectives.
We hope you all have a fantasticweek.